The following is a summary of the Assertio Holdings, Inc. (ASRT) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Assertio reported Q3 total product sales of $28.7 million, slightly down from $30.7 million in the previous quarter.

• Reported gross margin improved to 74%, up from 71% in the previous quarter, primarily due to lower inventory step-up amortization and write-downs.

• ROLVEDON Q3 sales were steady at $15 million, maintaining about one-third market share in served markets.

• INDOCIN Q3 sales decreased to $5.7 million due to competitive pressures.

Business Progress:

• Assertio is transitioning from INDOCIN to ROLVEDON as its lead product.

• Highlighted the stability of ROLVEDON's market share and its position as a safe and effective GCSF, not facing competition from biosimilars.

• Ongoing focus on expanding ROLVEDON into hospital settings and other new markets.

• Announced management changes with new Board directors and retirement of long-standing members, underscoring a strategic transition in leadership.

Opportunities:

• The ongoing shift to ROLVEDON and its potential expansion into new medical settings and sectors presents growth opportunities.

• Strategic focus on enhancing key opinion leader support and sales tactics to boost Sympazan market penetration.

Risks:

• Faced reputational risks and public attacks which impacted share price, though these were addressed and managed by leadership.

• Market pressures from generics and price declines in highly competitive market segments like GCSF, impacting ROLVEDON pricing.

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